India may consider the increase the supplies of raw materials for the needs of Russian paper and consumer packaging industries, as Russia experiences a serious shortage of such products due to Western sanctions. According to some Russian and foreign media reports, representatives of Russian authorities have called the Indian government to begin the supplies of […]
Tag Archives: Russian paper sector
06
Sep
Sep
Huhtamaki has sold its operations in Russia to Espetina Ltd. Espetina is a holding company owned by Alexander Govor and Iury Kushnerov. The transaction includes four manufacturing units in Russia, employing 724 people. On April 14, 2022, Huhtamaki announced its intention to divest its operations in Russia. This followed an earlier decision to stop all […]
05
Sep
Sep
The Russian billionaire Alexander Govor has made a bid for Finnish packaging giant Huhtamäki’s Russian operations amounting to 151 million euro, Reuters reports. Alexander Govor has previously taken over McDonald’s former restaurants in Russia. After the invasion of Ukraine, Huhtamäki retreated from Russia. Govor is willing to pay up to 151 million euros for Huhtamäki’s […]
22
Aug
Aug
Potential sale UK- and Austria-based Mondi has announced it has entered into an agreement to sell its Russia-based facility, Mondi Syktyvkar, along with two affiliated entities to Augment Investments Ltd for some RUB 95 billion (€1.5 billion). “The Disposal is conditional on the approval of the Russian Federation’s Government Sub-Commission for the Control of Foreign […]
15
Aug
Aug
Starting from October 21, 2019 pulp production of Arkhangelsk PPM JSC has switched to the utilization of hydrogen peroxide as a bleaching agent, thus displacing sodium hypochlorite used before. This change in the bleaching technology will let APPM fully produce bleached kraft pulp under ECF technology (without using chlorine). The technology is a universally recognized […]
14
Aug
Aug
Mondi Group agreed to sell its Russian Syktyvkar plant to Augment Investments Limited owned by Russian billionaire Viktor Kharitonin for 95 billion rubles ($1.5 billion). The assets in Russia will be transferred to Augment as part of the proposed disposal excluding a cash balance. Mondi’s London-listed shares jumped 11% on the news, as the company said […]
11
Aug
Aug
Ilim Group is finalizing the construction of the largest kraftliner mill (KLB Mill) in Ust-Ilimsk, Russia. It is the first mill in the Russian pulp and paper industry to use a two-stage biological wastewater treatment system. The Ust-Ilimsk Mill will be the largest kraftliner production site in Russia with the output of 600 thousand tons of finished products […]
News
Konecranes comments on the impacts of the war in Ukraine on its business and financial performance
25
Apr
Apr
Konecranes condemns the war in Ukraine. We are saddened and upset by the war and deeply concerned for our over 400 Ukrainian employees and their families. Their safety and well-being are number one priority for Konecranes as a company, and the Konecranes community is supporting them and their compatriots through local and global efforts. Konecranes […]
03
Mar
Mar
Kemira has decided to discontinue deliveries to Russia and Belarus starting March 1, 2022 until further notice due to the ongoing situation in the region. The decision to discontinue deliveries will primarily impact pulp and paper customers in Russia. In 2021, Russia represented around 3% of Kemira’s total revenue. Kemira is a global leader in […]
19
Feb
Feb
The volume of industrial production of wood pulp and pulp from other fibrous materials in Russia in 2021 amounted to 8.8 million tons, which is 0.7% more than a year earlier, according to recent data, published by the Russian Federal State Statistics Service (Rosstat). For the reporting period, the production of paper and cardboard […]